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Revenue Recognition & R2R1 / 3

1 min lesson

Close, consolidation & reporting

Explain the order in "Close, consolidation & reporting", then say how you would verify the result.

Step 1 of 3

The close is where systems either earn their keep or bury the team in manual reconciliation for a week every month.

A finance systems engineer is judged on how short, repeatable and defensible the close is. The goal is a close that runs on rails and still gives an auditor everything they need.